Stanley Kwan, Creator of Hang Seng Stock Index, Dies at 86
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Stanley Kwan, the banker whose 1969 creation, the Hang Seng Index, became a widely used gauge for the Hong Kong Stock Exchange, has died. He was 86.
He died Dec. 31 at Scarborough Grace Hospital in Toronto, according to the website of Toronto’s R.S. Kane Funeral Home. The cause was heart failure, the Toronto Star reported.